Publication detail

General government finances 2014 - revision

In 2014, the financial balance of the general government was 1.2 billion ISK in deficit or 0.1% of GDP, compared with a deficit of 1.9% of GDP for 2013. The reduced deficit in 2014 is explained by 14.0% increase in revenue and 9.4% increase in expenditure. The general government total revenue amounted to 45.6% of GDP in 2014 while its total expenditure amounted to 45.7% of GDP.